CBSE CLASS XII
Q. 1. What is Micro Economics? Give two examples of Micro economic variables.
Q. 2. What are the difference between Micro and Macro Economics?
Q. 3. Distinguish between positive and normative economics analysis.
Q. 4. What are the central problems of any economy? OR, Explain the problems i) What to produce? Ii) How to produce? Iii) For whom to produce?
Q. 5. What are the difference of centrally planned (socialist) and market economy (capitalist)?
Q. 6. Why does economic problem arise? OR, Why does the problem of choice arise?
Q. 7. What is production possibilities frontier (curve)?
Give and hypothetical example of PPC.
Q. 8. Explain the economic meaning of production on, above or below the PPC?
Q. 9. What does a rightward shift of PPC indicate? OR, Which factors lead to a shift of the PPC?
Q. 10. Draw the PPC showing the following situations
Q. 11. Define Opportunity cost. Give your own example.
Q. 12. What are the effects of change in technology of a particular firm or change in technology for both the firms(or economy)?
Paper By Mr. Sujjoy Basu